Rarimo has launched RariMe, a competitor to Worldcoin, and an app that allows users to generate passport zero-knowledge proofs (ZKPs) verifying the uniqueness of individuals without revealing their identity, it announced on Thursday. Source
Ripple (XRP) is making strides in revolutionizing global payments by addressing the long-standing challenges in payment reconciliation through blockchain technology, according to ripple.com. The company aims to enhance accuracy, efficiency, and support in the reconciliation process, transforming it into a seamless experience. Blockchain at the Core At the heart of Ripple’s solution is blockchain technology, known for its transparency, security, and immutability. Ripple Payments leverages blockchain to provide a single source of truth for all transactions, ensuring data accuracy and completeness, which are essential for…
Could Tether’s USDT collapse trigger the greatest crypto crash ever? With mounting concerns and speculation, it’s time to ask if your investments are safe from this looming threat. The importance of Tether (USDT), as the largest stablecoin provider in the crypto market, in providing liquidity and stability cannot be overstated. With a market cap of about $112 billion, Tether’s USDT is over three times bigger than its closest competitor, Circle’s USDC, which has a market cap of about $32 billion. However, Tether has faced several concerning allegations over the years.…
At 04:56 UTC, TRUMP, the first major token in the PoliFi sector, traded near $8.5, representing a 0.5% drop on a 24-hour basis. Its Solana-based counterpart TREMP traded 7.2% lower at 74 cents and the Joe Biden-themed BODEN coin was 16% at 13 cents, according to data source Coingecko. Meanwhile, bitcoin, the leading cryptocurrency by market value, traded 1% lower at $61,000. Source
Cardano price failed to surpass $0.40 and started another decline. ADA is now trading below $0.3850 and might extend losses in the near term. ADA price started a fresh decline and traded below $0.3880. The price is trading below $0.3850 and the 100-hourly simple moving average. There was a break below a key bullish trend line with support at $0.3845 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could extend losses and test the $0.370 support zone. Cardano Price Dips Again In the past…
XRP price struggled to recover above the $0.480 resistance zone. The price is again moving lower and might drop below the $0.4680 support. XRP price failed to extend gains above the $0.4800 resistance zone. The price is now trading below $0.4750 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance at $0.4720 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might again face rejections near $0.4720 and $0.480. XRP Price Retreats XRP price attempted a recovery wave…
The XRP price is seeing another triangle formation on its chart that could point to an impending rally. One important fact about this triangle formation is the fact that it led to a significant rally seven years ago, and if history repeats itself, then XRP may be set for a bullish wave. XRP Triangle Formation Signals Bullish Continuation In an analysis on TradingView, crypto analyst TradingShot pointed out that the XRP price is seeing another triangle formation. This formation comes from the culmination of a number of indicators, all of…
Ethereum price struggled to recover above the $3,420 resistance zone. ETH is consolidating and might decline again if there is a move below $3,320. Ethereum is struggling to gain pace for a move above the $3,420 zone. The price is trading below $3,400 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance near $3,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $3,400 and $3,425 resistance levels to continue higher. Ethereum Price Faces Hurdles Ethereum price…
Binance is transitioning UAE resident accounts to its new regulated local entity, Binance FZE, following a Virtual Asset Service Provider license from Dubai’s regulator. This change will allow UAE users to access various virtual asset services locally, including AED bank deposits and withdrawals. Binance’s Local Exchange in UAE Now Licensed Crypto exchange Binance announced on […] Source
Bitcoin price failed to recover above the $62,500 resistance zone. BTC is showing bearish signs and might decline again below the $60,000 support. Bitcoin struggled to recover above the $62,200 and $62,500 levels. The price is trading below $62,000 and the 100 hourly Simple moving average. There is a major bearish trend line forming with resistance at $61,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline unless there is a close above the $62,000 resistance zone. Bitcoin Price Remains At…